Software giant SAP becomes Europe’s most valuable firm amid German stock market boom
- SAP has overtaken Novo Nordisk to become Europe’s most valuable listed company with a market cap of €313 billion, following a 1.6% rise in shares on Monday.
- SAP's stock has risen more than 40% in the past year amid increased demand for its AI-driven enterprise resource planning software.
- Novo Nordisk's shares have dropped significantly due to disappointing trial results for its experimental drug CagriSema, which showed lower-than-expected weight loss results.
69 Articles
69 Articles
From five former IBM to the stock market giant to the cloud and AI hitchhiking. SAP became the most valuable company in Europe
It started as a small company, the multinational company arrived (and Portugal) and renewed itself with the investment in cloud and AI. SAP has earned the status of the most valuable company in Europe. The challenge is to continue.
ETF: The historic rise of SAP reveals the golden rule
For the first time in recent history, a German company is the most valuable company in Europe. SAP's rise reveals two things: Even the most dominant business models are losing importance at some point in time. And: there is no way past a certain savings product.
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